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Tuesday 23 July, 2024
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OGDCL Starts Production from Wali (Bettani) Field in KP

BY Shahzad Saeed Jun 15, 2023. 10:58 pm UPDATED: Jun 15, 2023. 10:58 pm

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Oil & Gas Development Company Limited (OGDCL) has started producing from the Wali (Bettani) oil and gas field in Khyber Pakhtunkhwa’s District Lakki Marwat, the company announced on Thursday.

In order to expedite the monetization of hydrocarbons, OGDCL has successfully finished the installation of an early production facility. According to the filing, the Wali (Bettani) Gas Field is now operationally ready, with daily production rates of 10 MMSCF/Day for gas production (Qgas) and 1,000 BBLS/Day for oil production (Qoil).

The filing also stated that “ODDCL will begin production from the Wali (Bettani) Gas Field within the next 24 hours, seamlessly integrating it into the national grid.”

“Going forward, OGDCL will drill two additional wells, namely Wali Deep #1 and Wali # 02, and upon completion, the gas production would enhance to 50 MMSCF/Day (approximately),” it added.

The company’s stock on the stock exchange decreased 1.66 percent or Rs. 1.29 to close at Rs. 76.37 on Thursday with a turnover of 2,042,241 shares.

Read more: State Bank Act Amendments Are Intolerable: Ishaq Dar

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